Come 2025, India's real estate developers will double down on luxury and premium housing, leaving the affordable segment to catch up.
Developers from across India are stacking their portfolios with premium, luxury and uber-luxury projects. Delhi NCR-based M3M India has two luxury developments lined up for next year. Gaurs Group is looking at a series of ultra-luxury residential developments, townships and luxury projects in FY26. Among others, Bengaluru-based developer Sobha Ltd is planning to launch about 10 million sq. ft of projects in FY26, including venturing into the uber-luxury category.
"We are strategically leveraging the robust demand in the luxury real estate segment by curating projects that align with the evolving preferences of modern buyers," said Robin Mangla, president, M3M India. "We have an exciting pipeline of new launches planned for next year in the luxury category."
In the premium segment, Mahindra Lifespace Developers Ltd is turning away from affordable and launching more projects with ticket size starting from ₹2 crore.
"We used to play mostly in affordable and mid-premium," said Amit Kumar Sinha, managing director and chief executive officer of Mahindra Lifespace. "Now, we will exit affordable after our commitment is over and will play in mid-premium and premium. These are two of our bread and butter segments."
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Big banks flee climate coalition formed to cut carbon emissions
U.S. megabanks want to leave behind some green pledges in 2024 finance Morgan Stanley, Citigroup, and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses.
Training
Is war a debate, a dilemma or a drama? Or can it be a poem? A class contemplates its many meanings
No End
An idyllic summer comes to a close with the dawn of realisation
Ocean of Spines
Trying to conjure a sliver of the past, and remember to whom a story belonged
What we want to read in 2025
The Lounge team’s list of unread books has only grown longer, while we also revisit and re-read old favourites
Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents must identify themselves before their children can join certain online platforms.
Netbanking 2.0: NPCI pilot to ease mobile payments
You're about to pay for a purchase on a popular e-commerce website from your mobile, but your bank doesn't show up in the netbanking list.
New Angels Rush To Prop Early-Stage Funding Slack
Sports stars, actors and young professionals are taking early bets on new startups
Divided EU allows India to pitch for carbon tax relief
Differences within the European Union (EU) over a looming carbon border tax have given India an opportunity to pitch for some relief from its onerous requirements that are expected to hurt exports to one of the country's largest trading partners.
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan
